- CEO
- Tian Fah Ng
- Full Time Employees
- 695
- Sector
- Industrial services
- Industry
- Engineering & construction
- Address
- 37 Kranji Link Singapore CE Singapore 728643
- IPO Date
- Mar 12, 2020
- Business
- Wei Yuan Holdings Limited, an investment holding company incorporated in the Cayman Islands in 2019 and listed on the Hong Kong Stock Exchange (1343.HK), operates through subsidiaries principally engaged in civil engineering utilities works in Singapore, where it maintains its headquarters at 37 Kranji Link; the group serves energy utilities companies, telecommunication firms, infrastructure contractors and asphalt premix suppliers as a main contractor or subcontractor in public and private sector projects. Core services encompass contract works for installing power cables, telecommunication cables (including inside plant and outside plant works) and sewerage pipelines using open cut excavation or trenchless methods such as cable tunneling, horizontal directional drilling, pipe jacking and guided auger boring; road milling and resurfacing including surface preparation, patching and thermoplastic lane markings; ancillary support comprising technical advisory for cable pulling and equipment leasing of prime movers, low-bed trailers, self-loaders, lorry cranes, tipper lorries, water trucks and truck-mounted attenuators; as well as sales of goods, tools, protective equipment, diesel, construction materials and milled waste to asphalt producers. Operations generated S$97.0 million in revenue for the year ended December 31, 2024, primarily from power cable works (S$71.5 million), road services (S$9.1 million) and ancillary activities (S$5.2 million), supporting 28 ongoing projects with a combined contract sum of S$514.1 million. Recent developments include the disposal of PRC-based subsidiary Zhang De Holdings Limited and its subsidiaries, engaged in building materials trading, on June 27, 2024 for approximately S$6,000; award of S$241.2 million in new projects in December 2024 bolstering the order book through 2028; acceptance on February 26, 2025 of a lease from JTC Corporation for industrial land and buildings at 18 Chin Bee Drive, Singapore (9,862 square meters land, 8,636 square meters floor area) at a S$18.6 million premium, pending shareholder approval as a very substantial acquisition; cessation of executive director Mr. Huang Lei effective November 7, 2024; and no final dividend recommendation for 2024 amid a healthy liquidity position with net current assets of S$35.7 million. Wei Yuan Holdings is a subsidiary of WG International (BVI) Limited, with joint ventures in precast concrete manufacturing and equipment leasing.